- Precision Castparts (NYSE:PCP) agrees to acquire the Noranco business from MidOcean Partners and PSP Investments for $560M.
- PCP says the Noranco addition strengthens its position in airframe products, and the unit's engine, landing gear and machining capability will expand its product offering on current and next generation aircraft.
- PCP says Noranco's largest customers include Honeywell, Safran, Bombardier and Spirit AeroSystems.